we're heading towards these five and a half-year highs on a dow on a closing basis intraday, but i'm splitting hairs, and i'm in no position to split hairs, as you know. 20 points away from that intraday high of five and a half years ago, but we're on a closing high right now. ben willis, loved this market. going to ride it even higher? >> i still love it but we're bumping into resistance at the 1480 level on the s&p and the vix being given away i may want to buy protection there for a little bit of a downdraft i can expect before we go higher. >> 49% bulls and 55% bulls on the institutional poll. way too much bullishness. i agree. you'll see a little pull back and then you want to accumulate. >> there's complacency in this market. >> this is last year in europe, bill, where you basically had a good feeling and then a bad feeling, and the good feeling is political. we'll get through the inauguration. wish the president well. martin luther king 84 years old, he would have been on wednesday this past week. we wish everybody well, but you've got to basically let the market come into you and then

buy. >> very good. thank you both. have a lovely long weekend. yes, the markets are closed on monday. we'll see you again on tuesday. stay tuned now for the second hour of the "closing bell" with maria bartiromo. have a good weekend. and it is 4:00 p.m. on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo. the dow and s&p 500 closing at yet another five-year high today. take a look at how we're settling on the street. money coming into this market pushing the industrial average up about 48 points, one-third of 1% at 13,645. blue chip average, volume picked up as well as you can see there. nasdaq, close but no cigar. in the red, down a point and a third and the s&p 500 picking up about five points. the dow, the best performer of the week, no doubt about it. blue chips up better than 1% and the s&p 500 up 1% on the big.

nasdaq the big laggard mostly due to apple. the stock had a bad week, barely positive since monday on the nasdaq. what a week it was? can the rally continue with a whole host of earnings coming out? stephanie link is with me as well as samir samana and dean kernik and also with us is gordon charlot. good to see everybody. stephanie, got such a great finger on this market. what do you think? do you think this market goes higher this next week? >> next week will be interesting. a lot of people are focused on apple and google, and if you look at other companies that are reporting, dupont, freeport -- mcmoran, union pacific and dover international. these are real industrial companies that are going to give us a good read on the global picture which i think is going to be a little bit better than what people are thinking, and it really supports what we've been saying for a while now that the global economies are recovering.

if you heard schlumberger and ge today, both companies on their conference calls, talked about china being probably the best area for activity 2013. and i think that's very exciting, and that's the reason -- one of the main reasons why you want to be buying this market if you do get a little bit more volatility over the next week. in addition, i think the u.s. continues to do pretty well, too. so i like the market, and on volatility we're buying it. >> so, we've got an economic story that seems to be better from the macro point of view, dean. and by the way, i should point out this market rocketed at the end of the day, settled up 53 points on the dow jones industrial average. what does the macro story look like you to right now? >> the macro story is considerably better than it's been over the past couple of years, pes legs with the european contagion story. not done but off the table for now. obviously things like the debt ceiling and the dysfunction in washington are reasons for concern, but i think one of the factors that's underpinning the equity market is the fact that bonds rates, u.s. interest rates, it's a tired story and

folks are getting very frustrated fighting bernanke. >> gordon, let me ask you what you're seeing in terms of flow. first of all, what happened at the end of the day here? i turn my eyes away from the ticker for a moment, and the market is up 53 points. what was the flow at the end of the day, and would you go into next week holding technology? is that another weak spot, do you think, next week as stephanie just pointed out that a lot of industrial names, the real economy stories, are going to start driving things? >> well, maybe. they were buying beamary little bit and beamer reports next week, too. you can't turn your head for a minute in this market. washington puts out a little blush they will start cooperating with each other, that seems to be a little bit of a catalyst. kind of gave us anni impetus foa bust. if you go back two years, 2011, bump early in the year and the markets sold of held and then sold off. last year it looked like it might follow that same pattern, and then it didn't. it continued to rally into the close. so you almost have a january effect, a bit of a performance.

starting early and people getting involved right away. involve picked up today. an expiration that accounted for some of it. money flow looks like it's coming in. seeing on the institutional side and no reason why you wouldn't be involved. if you try to buy the dips, you may miss them. >> samir, from your standpoint, want to buy tech or avoid tech going into next week knowing that we've already had some disappointment with apple, apple reporting on wednesday. what do you want to do? >> seen a nice pullback, could it be a further disappointment? it's possible but at this point you have to start building exposure back up. also in industrials, stephanie mentioned the earnings there, also like materials and then telecom has had a nice little pullback and got some pretty nice dividends there and a couple other areas that would catch up which would be commodities and starting to look at emerging market debt as an area that can be interesting and a little bit of a yield play. >> certainly has been a hot

performer actually. in 2012 we saw money moving in. everybody was looking for yield. everybody looking for yield. >> absolutely. >> that's the bottom line. >> exactly. >> ultimately bernanke is forcing folks out into the risk spectrum. that's been the strategy and absolutely the case that money is flowing into stocks coming out of the bond market, for sure. >> do you think that continues, stephanie? what about you on apple going into the earnings wednesday after what we've seen on the stocks? >> it's hard because i don't think anyone really has an edge. everyone is talking about the demand being worse than expected. numbers coming down and target prices coming down and we have to hear what the company says, particularly about gross margins, and i think the quarter might be better thanexpected, but the guidance is going to be soft but we have to see how soft. you want to get through that, but in terms of technology that's the sleeper sector. i don't think a lot of people are talking about it. fourth quarter will be crummy and the fourth-quarter guidance will be lower, but people might start to look through that as i.t. spending improves in the back half of the year.

as businesses get more confident because we get through the fiscal cliff and the debt ceiling issue. >> we'll see how we get through it and where the cuts come from. >> go ahead, samir. >> i was going to say it's been really interesting how much of a rotation you've seen in tech especially on the sentiment side. all about the death of the pc and the likes of intel and dell and hp selling off and now it's completely the opposite where a lot of the stocks have had pretty nice runs, whether it's because, you know, they have announced restructurings or buybacks, and now it's kind of the -- maybe not the death of it or whatever, but you've had a very nice pullback. very interesting how quickly you've seen that rotation in technology, and i kind of point people back to the fall as to how quickly things change in a hurry. >> thanks very much. have a great weekend, and we will talk soon. >> thanks. >> appreciate your time tonight. major averages hitting three-week winning streaks with the dow and the s&p 500 touching five-year highs. bob pisani has all the action today. >> the important thing is let's take a look back and see where

we're at. put up the screen. dow industrials joining the s&p 500 at a five-year high, historic highs on the transports. on the russell 2000, the small-cap index. in the heart of earnings season, and i see signs that stock-picking is mattering again. look at multi-industry companies that report. love that we're in the industrials right now, part of the earnings season. ge, great numbers. parker hannaford, good numbers. that's a new high. johnson controls and guidance for the current quarter is down 3%, but can you see the other technology stocks really didn't lose that much. the industrials didn't lose that much. in other words, very specific movements on the company's own reports or guidance. how about rotating? lots of talk about rotating into industrials and out of banks. it's true the banks are looking a little tired. a lot of disappointed on capital one's earnings today, but you can see most of the banks didn't do much on either side, a positive or negative, but they have been looking signs of topping recently. how about semiconductors? if intel issued disappointing guidance a while ago, a couple

quarters back, a lot of other big names would have been down today but it didn't happen. taiwan semi, texas instruments, micron didn't do well. talking about raising the debt ceiling. look what it did to the vix, to the downside and for the week, maria, the important things is all the moves into cyclical names. energy and industrial stocks all moving. back to you. >> thanks, bob. a lot more coming up on this jam-packed edition of the "closing bell." 80 companies will post earnings next week. despite the shorter week, a lot of them big-name technology companies. a panel of market pros will tell us how they expect this to drive the market and later, asleep at the wheel. the fed releasing transcripts from emergency meetings in 2007 as the crisis was just beginning, and, boy, did they miss the big picture. the story coming up. also ahead. holy car auction! the batmobile from the popular 1960s tv series hits the black

this weekend. our robert frank on the lowdown with how high the bidding could go. which batmobile would you buy right now? we'll reveal the most popular coming up. i'd say you've got to go with adam west or michael keaton, my two favorites. what is your favorite? back in a moment.

e welcome back. another blockbuster week of earnings ahead. kayla tausche running through the roster to determine if the rally could continue. over to you, kayla. >> reporter: 62% of the companies have beat profit estimates, though blended earnings growth just 2.5% per thompson reuters. more data points next week, even though it's a short one. got a busy calendar. tuesday, kicking off with five dow components. chemical giant dupont, johnson & johnson representing big pharma, verizon, ibm and travelers, google's first earnings since last quarter's press release misfire showed falling ad revenues there. on wednesday, mcdonald's expected to post flat profit from a year ago during a quarter where same-store sales hit a roque patch. after the market closed, netflix reports. a key number there is subscriber growth. investors watching nothing more closely than apple. hit with a spate of recent downgrades and potential profit warnings. moving on a thursday, maria,

starbucks, xerzier objection an three dow components and microsoft and how its surface tablet fared during the holidays and honeywell and procter & gamble. wall street is expecting 111 per share from pmd's bob mcdonald in the face of activist pressure on him and the company's board, maria. that's what's on tap for next week. >> great week, big week. kayla, thanks so much. financials were certainly stars this week when it comes to earnings, but technology will take center stage next week. where will the drivers be of this market, and will they hurt or help stock? we have david perl and rob lutz of capital money management. good to see you, gentlemen. thanks so much for joining us. >> great to be with you. david, you say apple and google will be the key ones next week. break it down for us. why those two and what are you expecting? >> well, the markets discounted apple over the last three months as if their revenue growth is going to the single digits. it's not. clearly the rate of growth is

slowed but they are going to sell a record number of iphones, and their growth rate, while seasonably will be low in the first quarter, will start picking up with new products in mid-year. the new iphone traditionally comes in around summer. probably a new ipad and maybe that apple tv. so at a 20% discount to the market, it is extremely cheap. everyone who loved it seemed to sell it last week, and now we're waiting for perhaps value buyers to perhaps pick it up. >> rob, do you agree with that? do you see sizable growth activities in technology? i certainly do, and although the company is reporting next week. many of them are very large, and would i suggest that you might want to look to smaller companies to gain, because a lot of disruption in technology today, but we think on apple we have a big position in that. i think it has 5%, 10% upside in the stock when they report the earnings. i think the street has been all over this and everyone is way

too worried. i think apple will be a big catalyst for the whole market next week. >> so even though it's been declining and people are worried about apple? >> right. now, everyone but apple has spoken. >> right. >> next week we'll be able to hear from apple. you know, apple will tell us what's going on. that's more important. this company is a phenomenal company, and i don't think it's over yet. one key concern is profitability, and i think one thing about steve jobs, we always saw him put out products and he had a minimum 10% margin on it. we'll see if this new apple without steve jobs has that same discipline. i hope it does, and if it does it will be a great stock for a long time. >> so, in other words, i think i hear you both saying put money to work in tech next week. >> tech has been one of the worst performing groups over the last year actually because of multiple compression. not so much that the earnings were bad. in fact, you know the s&p earnings were only up 2.6% for the year, and yet the market was up 16. it's really due to valuations

increasing. technology had the opposite happen, so the bigger companies are extremely cheap. actually historically cheap, and as long as they have growth, and they do, greater than the average growth of the s&p, they are all buys. >> yeah. >> but, dave -- >> robert? >> yeah. i would say there's some tech companies that are really destroying value. hewlett-packard, dell, microsoft, not creating value anymore. in fact, it's a utility company. the last 10 or 12 years microsoft produced its dividend, and that's it. nothing over that. >> that's a great point to make actually. do you want to sell those stocks? would you sell those stocks here, or do you think -- because huelet was the worst performer in 2012 in the dow? >> the expectations may be so low today that they will rally, but they are not long-term companies you don't want to own in your portfolio for a long time, so i'm not interested in those companies. i'm interested in companies that are innovating and have great growth, a company like tesla

motors which is using great technology, or a company like splunk, splk, $300 bimillion market cap companies. that's where i would put my money. >> i disagree on apple you're getting a 3.5% dividend. ex-windows, the company is doing incredibly well and for windows, frankly, just got out the right products which are these convertible ultra books, so you're going to have a best of a tablet and notebook in one, running all the programs you would in business, so a tablet is great for watching things or reading, but if you've got to do work, you really need something with an integrated keyboard and microsoft office. >> but they are just getting that out. >> david, you've got the -- you've got the major problem with microsoft. they are under the desk. they are in the computer that is dying, and -- and this is a major problem for them. there's not a lot of growth in microsoft's products. it will probably be a moderate

performer after these earnings come out. i think you'll get a good boost short term. longer term microsoft has serious growth issues, so i think it's a company to be avoided. >> all right. we'll leave it there. gentlemen, thanks very much for joining us. so appreciate it. we'll watch all of those names next week in a busy earnings week. over to bertha coombs with a quick market flash. over to you, bertha. >> reporter: the s&p and dow both up 1% this year ending at five-year highs, and when you take a look at the dow jones industrial average, five stocks are closing at new highs for travelers, j&j and also 3m, they closed at historic highs. 3m, the best performers, up 2.5 this week. >> thanks so much. the fed knows everything. transcripts from our 2007, pour cold water on that. shocking details of what was said and what wasn't said as the financial crisis was unfolding, and later, which batmobile would you buy in the one from the 1960s tv series. goes up for auction this weekend. tweet us @cnbcclosingbell.

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at getwellduck.com. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated, professional financial consultants. it's guidance on your terms, not ours. that's how our system works. e-trade. less for us. more for you. welcome back. shocking revelations from fed policy meeting transcripts dating back to 2007 when the financial crisis was just taking shape. our steve liesman with the story. steve, this took you by surprise, huh? >> reporter: there were some really interesting comments on there, the release of the fed transcript five years afterwards, and what's clear from the monumental meetings of the fed in 2007 is we know now if we didn't already that jim

cramer was right. the fed really did have no idea how bad it was out there. listen to this. >> bernanke is being an academic. he has no idea. >> cramer. >> i've talked to the heads of almost every single one of these firms in the last 72 hours and he has no idea what it's like out there, none! sunshine credibly four days after it was apparent to cramer what was going on, bill dudley, the head of the new york's operations desk said at a meeting, quote, we've done quite a bit of work trying to identify some of the funding questions surrounding bear stearns, countrywide and there's been some strain but looks like there's nothing imminent in those areas. to be fair, dudley would eventually become a leading advocate of extraordinary fed policies. both of those institutions we mentioned there would ultimately fail. what the transcripts showed was a minimizing of the fallout to one that eventually embraces the gravity of the situation and pulls out all the stops.

why is it important now? because the market is asked the question will the market see the next threat to stave it off? at an august meeting ben bernanke says he doesn't really want to cut rates to give the impression of a bailout. by december he says, quote in, proposing liquidity measures there are the usual moral hazard issues, in my view, at this point, the imperative trying to help markets function and normalize is the stronger. to be fair, the fed's ultimate response to the crisis reversed decades of doing policy one specific way. they really had to throw out the rule book, and the minutes showed them the process of them throwing that out. once they made the change, they generally don't look back, but it does raise the question, maria, will they be able to see the next change when it's coming? >> amazing stuff, steve. stay right there, because mark colabia is going to join the conversation of the kato institute and says those transcripts are more evidence

that the fed should get out of bank regulation business immediately. in fact, he says the fed should get out of monetary system all together and joins us now, along with steve in the conversation. mark, you say that the fed needs to get out of the bank regulation business immediately. well, there was a need for capital. doesn't there need to be a path to get out? to get out of the way but also have the guideposts in place for the banking sector? and to get out of the monetary system all together? explain what you mean. >> i think the transcripts really reveal to me, i think the mistake of relying on the health of your economy and the health of your financial system on a very small number of people who you hope get it right. you know, there's a reason that central planning failed in the soviet union. can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the

fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial banks, a lot of different things going on in the sectors so you didn't even have people at the table who really had a sense of what was going on at the economy so i would feel much more comfortable if we take banking regulation and give it to the bank regulators because ultimately i think a lot of the bailouts were about the mistakes made the new york fed, mistakes made at the fed board and they were using bailouts to cover up their own mistakes. aig, all of these cdss were done because the bank approved of cds to create bank capital. they create that had mistake. we can argue whether or not they would have foreseen it or not. i think when you have these things tied together you end up having the fed try to cover up its own mistakes. >> interesting. steve, what's your take on mark's concerns, and we should point out that a handful of leaders at the new york fed

later became goldman sachs leaders, right? >> well, what mark is saying, maria, is accurate in the sense that it does show failings at the fed. the trouble is it also shows the opposite, mark, and i'd be interested. as you read these transcripts, the integration of banking regulation and monetary policy eventually becomes made and the necessity of it becomes obvious, that the guys who are getting firsthand information on the banking system, once they are able to see it, it's not immediate that they can see it. once they see it, the need to respond and the ability to respond using monetary policy is quite manifest, mark. >> what do you think, mark? >> i certainly would be fairer to say it's not like the fed has learned nothing from the crisis. >> right. >> this is one of the things that they have learned from the crisis. they are also including economists and the examination teams so that when you go into a bank you try to take the macro economic risk at play. again, i mean, to me you look at the size of the housing bubble we were looking at in 2005 and

2006. at that time it certainly seemed to me there was no way this was going to end but badly >> the focus on inflation, maria, while -- you know, it's a bit like what thel dramatic irony. >> yeah. >> the audience is watching a play, and the main protagonist is setting on stage with a guy behind him with a cleaver. >> right. >> and the audience sees it, but the protagonist doesn't see it, so they are sitting there talking about the housing, i think it's okay. it's worrisome but not terrible, but inflation, that's the real problem. meanwhile the guy with the cleaver is about to come down on their head. >> yeah, yeah, yeah, a great analogy, yeah. >> i don't always think the fed errs in one direction. you know, i think we saw in 2007-2008 that they were too tight and allocating credit in the wrong direction, but right now they are too loose and causing distortions. too loose in 2003 so sometimes they really do get it wrong. there's a real irony in that we've all heard bernanke's speech to milton friedman, you know, we learned from the '30s. we're not going to get it wrong

again, but there's a grain of truth to where they got it wrong and almost very much the same way that when you needed to provide broad liquidity to the banking system, they did not. >> all right. we will leave it there. great analysis and great points you both make. thanks, steve. >> see new davos, maria. >> and i will see you, steve liesman, in davos in the snow. >> and i will see you in davos. >> thanks very much to you both. see you soon, guys. thank you. appreciate it. by the way, don't miss jim cramer's "mad money" tonight. he got it right with the federal reserve. you saw how emotional and upset he was about the fed. as we look back, we all know cramer was right. he'll be on tonight 6:00 p.m. eastern with a lot more on that. stay with us. will we avoid the debt ceiling cliff? house republicans will consider a plan to extend the debt limit deadline. why that may set up an entirely different kind of cliff. we'll take you live to washington and john haar woovmtd flagged this in my observation yesterday. should the eligibility age to social security be increased to 70 years old since americans are living a lot longer than they

did when the social security program was first set up? stick around for a heated debate and the body of a million dollar lottery winner murdered by cyanide poisoning right after he won has been exhumed. the medical examiner is talking, and we'll have the very latest developments of what went on. stay with us. ♪

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welcome back. maybe we won't hit the debt ceiling next month after all it. appears house republicans are considering a plan next week to extend the deadline, at least until the spring. our chief white house washington correspondent john harwood now with the story. john? >> reporter: maria, an interesting development that reflects republicans' awareness that they have the short end of the stick in terms of bargaining power with the president who has just been re-elected and with congress as our new nbc/"wall street journal" poll showed is only at a 14% approval. he's at 52%. here's what the house republicans are going to put on the floor next week and try to pass. it would be an extension of the debt limit, a rise in the debt loimt that would take us through april the 15th. it would be on condition that the house and senate both passion a budget which they are supposed to do under law by that point anyway, and finally it would take an approach of no budget, no pay if the congress refused to do that. here's the response from senate democrats. they said, no, we will consider

a clean debt limit extension without any conditions if the house sends us one, so they are trying to keep the pressure on. the white house says we're encouraged that republicans appear to be backing off their determination to hold the u.s. economy hostage to its budget plans. now, democrats are feeling like they are making progress now. the question is going to be can republicans push this through the house in order to put pressure on democrats to compromise on terms? one republican member told me this afternoon that this is -- this might fly, but it's something that was put together haphazardly. we've not done a whip count. this could turn into plan "b" for speaker boehner. that's what we're watching next week. the good news is for markets though. it does appear we're moving, if not steadily, maybe two steps forward, one step back towards some sort of a resolution of the debt limit that will at least put it off until the spring. >> this is good news. john, thank you so much. john harwood with the latest. a lot of buzz about the business

roundtable's proposal to raise the eligibility age to age 70. i wrote about the issue in "the observation" yesterday but one of my next guests could not disagree more. max wrightman is president and ceo of the national committee to preserve social security and medicare and a supporter of raising the edge. bill george, the former ceo of medtronic and a harvard business school professor. good to see you both. max, let's go to you first. the business roundtable argues that the demographics have completely changed. we now live much longer. why shouldn't we raise the age for eligibility? >> well, you know, this plan is called a plan to reform social security and modernize medicare. i always get nervous when i hear those terms because it's really a plan to cut benefits and raise the costs for health care for seniors. it really doesn't -- doesn't make sense to have seniors pay more and get less. the plan talks about how people are living longer. that's not true for all

populations. and we need to improve these benefits. we need to add benefits to medicare, not cut the medicare program. >> no, but can you actually say that it's not true though, because when you look at the actual -- the actual ages, when social security first came out, there was a -- a living standard expectation between 60 and 70, and now women are living to 81, and i believe the life expectancy for a man is 78. so the -- the life expectancy numbers have in fact gone up. >> but the cost of living for senior citizens has also gone up. and it is very important to remember that in many communities in this country, these life expectancies, have not gone up, and we have to be -- you know, the ceos that are a part of the business roundtable, they can easily work until they are 70 or longer. if they want to retire, they can float their retirement on their golden parachutes.

that is not true for the vast majority of americans. this plan, the business roundtable plan, is really -- i call it -- it's like a shotgun wedding of the bowles/simpson plan and the ryan budget plan, and the product, the product is really a monstrosity of a policy document that ignores the real fiscal realities and challenges of americans who are not multi-millionaire ceos. >> bill, what about that? i mean, opponents say that hundreds of thousands of seniors could find themselves without medical insurance. the costs of their care landing in the government's lap. what about that? >> maria, i couldn't disagree more with max. i believe that this is a very courageous proposal from the business roundtable put together by gary loufman of cesare's who used to be a colleague of mine at harvard business school. if you hit 65, the expectsy is 20 years. medical technology is learning how to keep people alive longer and longer, but we still have

our disease-prone years hitting about the same time, in the late 50s, so i think people are going to have to work longer. we'll need these workers, and i think this is a very sound way to get medicare solvent. it won't be solvent today. unbounded costs in medicare. lifestyles are pushing it up and end-of-life issues, and there's just tremendous upward pressure on medicare costs, and i'm extremely concerned we won't be able to fund it, or else it will squeeze everything out of the budget. first of all this, proposal is going to be phased in. doesn't affect anyone at all who is over the age of 55, so they are all excluded, and, frankly, it won't phase in until people today are under 35, so you've got a long period of phase-in, a very sound proposal that puts both medicare and social security on the right track, and i think 70 is the new 50. turned 70 last fall, and can i tell you like many of my colleagues, we are continuing to work, and we're enjoying life, and i think this can work and

work very well, and under the affordable health care act people will be protected in this period, so i think it will work very well. >> let me just comment. >> sure. >> under the affordable care act there's some real cost savings in the medicare program. many of these provisions of the affordable care act have not even been implemented. some of them will be implemented next year. wouldn't it make sense to see how this program evolves? and it is very short-sighted. i couldn't disagree more with -- with your other guest on the program. i could not disagree more that we need to clamp down on the medicare program, charge seniors more. this plan of the business roundtable does nothing, absolutely nothing, to control health care costs. we need to control health care costs, not just ask seniors to pay more. the kaiser foundation, the center for budget and policy priorities, have issued a number of reports. whatever we save by raising the

age for medicare eligibility, twice that will be spent by state governments, by employers, by medicaid programs, by estate health care programs, so if we save $5 billion out of the federal treasury, we're going to spend twice that. >> but something's got to give, right, max? something's got to give. >> something's got to give. >> according to the budget office. let me just get one thing. the congressional budget office, max, says raising the age gradually between 2012 and 2021 would save $113 billion. $113 billion. >> right. >> just by moving the eligibility age so do we really have a choice here? mean, something's got to give. >> maria, we have a choice. >> maria, let me jump in. >> who is going to pay for that? it's going to be all the entities that i just outlined, and, yes, we need to do some things, but why don't we look at having the federal government mandating the federal government to negotiate for the best price

for the prescription drug part "d" plan under medicare. there are now specifically prohibited from doing that. why don't we allow the reimportation of cheaper drugs into this country, safe drugs, from canada? and finally, the affordable care act, we have no idea and the cbo i think incorrectly doesn't score savings that we know, common sense tells you. >> yeah. >> seniors under medicare do not have to pay out of pocket for all these preventive care procedures. diabetes testing, mammograms, colonoscopies. they are going to avail themselves of these medical procedures. that is going to save money. >> real quick. bill joyce. we've got to go. >> we're in agreement that we need to cut medicare costs, and i can tell you the way they are planning to do it right now, they just -- the 27% across the board reimbursement. i'll tell you what's going to happen. that really threatens medicare because a lot of private physicians and private hospitals

are not going to take medicare patients at all and that's a much greater threat, and so i think to get this solvent, i agree with max. we need to get costs under control. that's a big change, and there's very little in the bill to do that. mostly it just involves cutting reimbursement. we need to do that. >> we've got to run, you guys. >> we do not support cutting reimbursements to providers to the point where it will impact adversely access to good health care. we oppose that. >> nobody wants to cut anything. we get that, but we're also talking about $16 trillion in debt. see you soon. boeing under pressure. safety officials wrapping up their initial investigation of the 787 dreamliner. the latest developments. when can we expect to see the 787 in the air again? phil caught up with the transportation second ray lahood. hear what he had to say. from planes to cars, superhero cars. asking for your tweets on which batmobile you would buy.

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welcome back. boeing 787 dreamliner assembly lines continue to run even though there's a problem with damaged batteries from a grounded plane. >> reporter: a lot of speculation that boeing could get the dreamliner back in the air. today, secretary of transportation ray lahood was asked about that, and it's

pretty clear he's not in any rush to lift the grounding. >> this is complicated because we want to make sure we get it right, and the flying public expects us to get it right. and so it's -- it's going to take a little bit of time. >> can you get it done by early next week? >> oh, you know what? i just -- i don't know the answer to that. i'm not the one doing the -- the examination and the work and so we'll just -- we'll see where it takes us. >> right now the investigation is focused in japan. today investigators of the faa and the ntsb were on the ground there looking at the ama dreamliner that had the emergency landing. meanwhile, japanese investigators, they believe they will have their initial report on the incident next week. they have found similarities between the battery with that dreamliner and the dreamliner that caught on fire in boston. there's the battery. they are taking it from the plane in japan, and as for boeing, and you look at the assembly going on in seattle, as well as down in charleston,

south carolina for the dreamliner, boeing says it's not slowing down production at all, but it is also meeting with the faa to start resuming production flight. as they build these, maria, they have to do a flight when they are done building them, before they can deliver them. they can't do that with this grounding, so that's the first step that boeing wants to clear with the faa. this is a story we'll be following all next week. maria? >> amazing. phil, thanks so much. catch phil's unprecedented access to the plane that was supposed to change the way you fly. "dreamliner, inside the boeing 787" airs tonight at 8:00 p.m. eastern on cnbc. well, the batmobile from the popular 1960s tv series goes up for auction this weekend, and it's expected to bring in a huge chunk of change. our wealth editor robert frank with the lowdown. robert? >> reporter: may, maria, a lot of imitators and updates, but there's only one original batmobile, and it's going to be sold on saturday. the price, at least $2 million and maybe up to $5 million.

now, the batman -- the batmobile started out as a concept car in 1955 called the lincoln futura, cost $250,000 to build and originally painted white. the car had a role in the 1959 film "it started with a kiss" with debbie reynolds and then the famous car customizer was commissioned to build the batmobi batmobile, paint it had black and orange and added the fire-breathing exhaust and a star is born. batmobiles that look like the original but all copies made from fiberglass. the original is steel, and the others were not used in the show. you can see it here in action. barrett jackson, the company auctioning the car said the most likely buyer is an institution, maybe an entertainment or museum. i can see it ending up in a theme park or hollywood studio. either way this is a car that became a character spawning at least five future versions. the latest one from "the dark

knight rises" and in my mind though, the greatest batmobile is the first. we'll see what it sells for on saturday. >> that's what i think. adam west's car is the best one. >> yeah. it's hard. i spent a lot of time as a kid, probably too much time, watching that show and watching that car, and the others are very cool, but, you know, this is really part of americana, part of history, and that's why it's got that huge price tag, and nobody knows what this car is going to sell for. even the auctioneers, 1 million, 2 million, maybe 5 million so we'll see what it sells for on saturday. >> i'm naive on this, so you'll correct me, robert, but, i mean, when a car like that sells, i mean, people are not buying it to drive, it so it's -- it's part of a collection. >> that's right. it's going to go in somebody's garage. there's a lot of big hollywood moguls that have, younknow, costumes from previous movies, a lot of hollywood memorabilia. this will end up in a mooum museum, universal theme park,

connected with the batman ride so that is probably going to be an institution. >> thanks. robert frank with the latest there. we asked you which batmobile you would buy. most of our followers were torn between adam west's and michael keaton. so was i. here are some of your responses. edward tweeted in. are you kidding? adam west is the only batman, 1966. joe writes agree with maria bartiromo. west's or keatons. others look more like transformers. expect them to turn into robots. and sean says old school all the way. if you're over 40, the real batman is adam west. bam, pow. kerplat. thanks, everybody, for tweeting n.continue to send us comments @cnbcclosingbell. maria bartiromo works as well. the lottery winner who died after claiming a $1 million ticket had his body exhumed this morning. more information. the medical examiner with the information. we'll have a live report. and then research in motion

getting its groove back. we'll have the rim trade you can't afford to miss coming up. back in a moment. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed.

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welcome back. the body of the million dollar lottery winner who may have died of cyanide poisoning was exhumed by cook county medical examiners in illinois. kevin tibbles with the story. >> 45-year-old kahn may have been the luckiest and unluckiest of lottery winners, within a month he essentially dropped dead. the authorities are now suspecting that cyanide was involved and there's a criminal investigation going on. for that reason today, his body was indeed exhumed in the chicago area and taken out for an autopsy. the good news was that the ground was not too frozen and that they were able to get their tests done. they took blood and urine samples from the body trying to determine whether or not mr. khan did fall under foul play.

he chose the cash payout, just under $400,000. it will take a couple of weeks now before they get back with the results of this. but a very high wire story here in chicago over the lottery. >> it sure is. kevin tibbles with the latest there. we'll keep following that. today research in motion closed at an 11-month high ahead of the blackberry 10 and mobile payment endeavors continues. managing member of the sutland volatility group and options action contributor. how much upside in rim? >> this stock has been on a huge run. 350 million shares traded this week. the stock ripped higher an we saw jeffries upgrade the stock. and we're seeing last week we saw bullish activity. here we seeing traders take profits or make short bets.

looking all the way to the downside now and getting bearish on the stock. listen, people are throwing up their hands, the stock is broken out from a bottoming process and could have room to go higher. one thing to be prudent about, maybe trim the position and take profits. we saw microsoft after their release, we saw the stock down since the surface release and iphone 5 is done. whether coincidence or not. i would be careful about owning the stock all the way to the upside the next couple of weeks. >> this is a real trade? >> definitely a trader's market, around 5 to 6% a day. you have to trade in and out and now you sell and maybe look for a better entry level. >> for more options, be sure to stay tuned for "options action" right after "closing bell." [ indistinct shouting ] ♪

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